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Patients are increasingly demanding online options for payment, but this presents a number of data security issues.

Jeff Lin, Senior Vice President of Product Management, InstaMed: Until recently, providers relied on paper checks from just a few payers for almost all of their revenue. As patient payments increase, providers must now collect payments from hundreds or even thousands of patients from various payment channels to get paid for their services. In a recent survey, 93 percent of patients indicated that they… Read More

EMV: A chip-based payment transaction occurs when a microprocessor (smart chip), generally embedded in a plastic payment card or a personal device such as a mobile phone, connects to an EMV-enabled point of sale (POS) device. This smart chip card provides an additional form of card authentication, validating the legitimacy of the payment type being used.

With the liability shift deadline of October 1, 2015 for EMV rapidly approaching, many providers large and small are wondering what they need to do… Read More

Healthcare organizations not implementing newer debit/credit card processing terminals by October 1 will be financially liable for fraudulent financial transactions.

And it’s not just healthcare providers at risk, but all types of merchants across the nation. Credit and debit card issuers—who have long eaten the costs of fraudulent transactions—are passing on the liability if providers and other merchants aren’t using technology to make card transactions more secure.

The technology that card issuers want used is EMV (Europay, MasterCard, Visa), in which a… Read More

LISLE, IL (June 23,2015) – Aldera, a leading provider of core administration and private portal solutions for healthcare payers, today announced that a 135,000 member, West-coast dental plan has selected Aldera’s Payer Platform to transform its operations into an end-to-end experience that meets the modern needs of today’s dental patients and providers. The implementation, scheduled to go live later this year, will support the plan’s pre-paid dentistry business with a new core administration platform and portals. The solution will also… Read More

InstaMed, the leading Healthcare Payments Network, will be attending HFMA ANI in Orlando, FL, June 22-25, 2015. InstaMed representatives will be at booth #1250 to discuss the latest trends in healthcare payments affecting the industry. Learn about best practices for collecting patient responsibility, protecting payment data and streamlining the entire healthcare payments process.

The Healthcare Financial Management Association is the nation’s premier membership organization for healthcare finance leaders. HFMA builds and supports coalitions with other healthcare associations and industry groups to… Read More